Short Interest in Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Rises By 81.4%

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 3,020 shares, an increase of 81.4% from the June 30th total of 1,665 shares. Based on an average daily volume of 16,228 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Parametric Hedged Equity ETF Stock Up 0.3%

NYSEARCA PHEQ traded up $0.12 during trading on Friday, hitting $34.50. The company’s stock had a trading volume of 5,261 shares, compared to its average volume of 21,111. The firm has a 50 day moving average price of $34.39 and a 200 day moving average price of $33.39. The firm has a market cap of $138 million, a P/E ratio of 25.95 and a beta of 0.50. Parametric Hedged Equity ETF has a 52 week low of $29.54 and a 52 week high of $34.90.

Institutional Investors Weigh In On Parametric Hedged Equity ETF

An institutional investor recently raised its position in Parametric Hedged Equity ETF stock. Wayfinding Financial LLC boosted its stake in shares of Parametric Hedged Equity ETF (NYSEARCA:PHEQ) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,303 shares of the company’s stock after purchasing an additional 766 shares during the quarter. Parametric Hedged Equity ETF accounts for approximately 1.9% of Wayfinding Financial LLC’s holdings, making the stock its 14th biggest position. Wayfinding Financial LLC owned 3.20% of Parametric Hedged Equity ETF worth $4,374,000 as of its most recent SEC filing.

Parametric Hedged Equity ETF Company Profile

The Parametric Hedged Equity ETF (PHEQ) is an exchange-traded fund that mostly invests in large cap equity. The fund invests in individual US large-cap stocks while utilizing a laddered options strategy to mitigate losses. The option strategy caps the potential upside participation. PHEQ was launched on Oct 16, 2023 and is issued by Parametric.